NTRR: Feds Increase Cannabis Production as Demand Soars
TAMPA, Fla.--(BUSINESS WIRE)--As Neutra Corp. (OTCBB:NTRR) prepares to debut revolutionary new indoor horticulture tools in a hungry marketplace, the demand for medical cannabis has grown so strong that even the federal government is increasing its production of the herb.
The Los Angeles Times reported last week that the U.S. government will grow more than 30 times the amount of marijuana this year than in the last several years. The quota of plants was sharply increased due to an increase in demand from National Institute on Drug Abuse researchers, who are studying cannabis for a variety of projects.
The move is only the latest sign that nationwide demand for the plant and research into its uses continues to swell. Twenty-three states and the District of Columbia currently allow medical cannabis, and two of those, Colorado and Washington, also allow recreational use of the herb. Most experts believe that more states will join them in the months and years to come.
NTRR plans to be well-positioned to capitalize on rising demand. The company is preparing to help launch a new product alongside joint venture partners Vertigo Technologies that could make cultivating cannabis and other nutraceuticals easier and more affordable than ever before. The joint venture aims to introduce a portable, turn-key indoor growing system featuring anti-microbial technology designed to eliminate the use of pesticides.
By providing a variety of new technologies designed to ensure safer, more reliable access to cannabis in approved markets, Neutra Corp. plans to compete alongside Cannabis Science, Inc. (OTCBB: CBIS), Medical Marijuana Inc. (OTCBB: MJNA) and Vape Holdings Inc. (OTCBB: VAPE), delivering technological advancements in the cultivation and processing of cannabis in approved markets.
About Neutra Corp.
Neutra Corp. is a healthy lifestyle company that specializes in the development and marketing of natural wellness solutions, including cannabis-related products. For investing information and performance data, please visit www.neutracorp.com.
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